August 29, (THEWILL) – The Ethiopia Government and the World Bank have signed a $730 million corridor project agreement, to improve a key route between Addis Ababa and Djibouti. Ethiopia Ministry of Finance in a statement said the HoA Regional Economic Corridor Project (under Ethio-Djibouti) seeks to enhance the connectivity and logistics performance between the East African countries via the strategic Addis–Djibouti road corridor. According to the statement, the route covers more than 90% of Ethiopia’s Maritime trade. The Agreement was signed virtually between the Ethiopian Minister of Finance, Ahmed Shide, and the Regional Integration Director of the World Bank, Ms. Boutheina Guermazi. Shide thanked the World Bank for the bold support and reiterated Ethiopia’s commitment to regional integration.

Source: Ethiopian News August 29, 2023 10:41 UTC